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Year: 1818
Denomination: G$5 Capped Bust $5 Gold
Grade: NGC MS 63
   
Mintage: 48,588
NGC Population: 4
NGC Population Higher: 4
   
Price: $54,995



*** This coin has been sold. ***

*Important Information About NGC Population Numbers:  Legal Notice

Description
1818 G$5 STATESOF NGC MS 63


There are only three reverses known for the 1818 half eagle--the STATESOF reverse (BD-2), the 5D over 50 reverse (BD-3), and the normal reverse (BD-1), each paired with a different obverse die. The BD-1 is unusual in that every star is produced with the "secret star punch" of Mint assistant engraver John Reich--who had quit the previous year after exactly 10 years of service with no pay raises and working as chief engraver but getting paid as assistant engraver. The BD-2 STATESOF is a popular Guide Book-listed variety, which further increases its appeal among the many collectors of such coins (that reference actually lists all three die marriages for the year, although the 2010 edition shows no premium for one over another). Bass-Dannreuther list it as R.4 (100-125 known), compared to R.5 (35-45 known) for the BD-3 and R.5 (50-65 known) for the BD-1. The authors note that the STATESOF variety is "one of the most popular of the early varieties, although its rarity has obviously been overstated." Harry W. Bass, Jr. owned five examples of this variety, noting that all seen (including the present coin) have the reverse rotated 45 degrees clockwise. The obverse of this piece is in the terminal die state, showing a small horizontal clash mark beneath the bust and a long, bisecting die crack that begins at the rim below the last 8, passing through that digit and then all the way to the other side at 11 o'clock. This piece has marvelous original skin that features soft, frosted luster over orange-yellow surfaces. The strike is as full as I have ever seen for this variety and this coin is CAC stickered for premium quality. An identical example recently sold in a Heritage auction for $60,375!
   

   
   




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